Result of AGM

Dukemount Capital PLC

12 January 2024

 

12 January 2024

DUKEMOUNT CAPITAL PLC

("DUKEMOUNT" or the "Company")

AGM RESULTS, CAPITAL REORGANISATION, CONVERSION OF CLNS,
TOTAL VOTING RIGHTS AND ADMISSION OF NEW ORDINARY SHARES

Dukemount Capital Plc ("the Company") announces that it held its annual general meeting ("AGM") at 10:00 am today.  All resolutions set out in the Company's Notice of Annual General Meeting dated 12 January 2024 were proposed and approved.

Following approval of the Capital Reorganisation at the AGM, applications were made to the FCA and the London Stock Exchange for the Capital Reorganisation to be reflected on the Official List. It is expected that 61,624,316 Ordinary Shares of £0.001 each will be admitted to trading and dealings will commence on the London Stock Exchange at or around 8:00 a.m. 15 January 2024.

As part of the Capital Reorganisation, the Existing Ordinary Shares have undergone a 1:10 consolidation. Following the consolidation, the Consolidated Ordinary Shares were then subsequently sub-divided into one New Ordinary Share of £0.001 each and one deferred share of £0.009. The New Ordinary Shares have the same rights as the Existing Ordinary Shares, including voting, dividend, and other rights.

As previously announced, Chesterfield Capital Limited has undertaken to convert the existing £500,000 debt at £0.065 per New Ordinary share in the Company (being 7,692,307 new ordinary shares of £0.001 each) (the "CLN Shares") following the Capital Reorganisation.

An application will be made for the 7,692,307 CLN Shares to be admitted to the Official List of the UK Listing Authority by way of a Standard Listing ("Admission") and it is expected that Admission will become effective and that dealing in the CLN Shares will commence on or around 8am on 18 January 2024. The CLN Shares will rank pari passu with the ordinary shares of the Company.

Following Admission, the Company will have 69,316,623 ordinary shares of £0.001 each in issue, none of which are held in treasury. Therefore, the total number of voting rights in the Company is 69,316,623.

The above figure of 69,316,623 may be used by shareholders in the Company as the denominator for the calculations by which they will determine if they are required to notify their interest in, or a change in their interest in, the share capital of the Company under the FCA's Disclosure and Transparency Rules.

Capitalised terms used but not otherwise defined in this announcement have the meanings set out in the AGM Notice, which is available on the Company's website at: https://dukemountcapitalplc.com/publications.php

Following the Capital Reorganisation, the amended ISIN for the Company is GB00BMWC6Q55.

For further information, please visit www.dukemountcapitalplc.com or contact:

Dukemount Capital Plc:                                                                                 Email [e-mail]

CEO: Paul Gazzard

Non-Executive Director: Geoffery Dart

Broker Enquiries:  

Peterhouse Capital Limited                                                                                   Tel: [phone]

Lucy Williams/Duncan Vasey

 

END